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FIRSTRAND BANK LIMITED - Interest Rate Reset

Release Date: 03/09/2012 12:35
Code(s): FRJ13 FRC107     PDF:  
Wrap Text
Interest Rate Reset

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
(“FRB”)


INTEREST RATE RESET ANNOUNCEMENT

FRJ13          6.325% p.a. (125bps over 3 month Jibar of 5.075%)
               for the period 3 September 2012 to 2 December 2012,
               payable on 3 December 2012 (Following*)
               Next reset: 3 December 2012

FRC107         9.315% p.a. (424bps over 3 month Jibar of 5.075%)
               for the period 3 September 2012 to 2 December 2012,
               payable on 3 December 2012 (Modified Following*)
               Next reset: 3 December 2012

JIBAR rates as at 3 September 2012: 3 Month 5.075%


*When the Interest Payment Date falls on a non business day one of
the following Date Convention will be applied, as specified for each
individual bond:

1. Following – This means that the interest will be paid on the
first business day after the weekend or public holiday.

2. Modified Following – This means that the interest will be paid on
the first business day after the weekend or public holiday. However,
if the first business day after the weekend or public holiday falls
in a new calendar month the last business day before the weekend /
public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
business day before the weekend or public holiday.


3 September 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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